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'Plan your exit like a celebrity' - why young people are being encouraged to write wills

'Plan your exit like a celebrity' - why young people are being encouraged to write wills

Summary

The article discusses a charity campaign called Will Aid, which encourages young people to write their wills. It highlights how young professionals increasingly include personal and digital assets in their wills. The campaign's goal is to promote discussions around will writing to avoid future complications.

Key Facts

  • Will Aid is an annual charity campaign that helps people write wills without usual solicitor fees, asking for a donation instead.
  • Young people are being encouraged to create wills, including personal and digital items like social media accounts and cryptocurrency.
  • Personal touches in wills, such as goodbye notes and gifts, are becoming more common among younger generations.
  • Many young people have not considered writing a will because they feel their estate is too simple.
  • A report showed that 25% of people don't know how to draft a will.
  • The founder of Octopus Legacy, Sam Grice, encourages will writing after experiencing family difficulties due to an outdated will from his mother.
  • Younger people often overlook will writing, even though their lives can change rapidly, affecting assets and liabilities.
  • Up to 29% of people with a will have not informed anyone of its storage location.

Source Information